Sample Proforma for Submission of AEO Application-Version-1/ Revision-0

Annexure-E: (B) Financial Solvency

2
(a)

(b)

Issues

YES

No

Guidance with examples on what is needed

Whether the applicant

is financially solvent
for the three years
preceding the date of
application?
(Solvency
would
generally be defined
as good financial
standing
that
is
sufficient to fulfill the
commitments of the
applicant including
ability to pay duties)

a) Brief details of the company are as under and copies of Balance Sheet/ Annual Report and Cash Flow
Statements are enclosed for
Last 3 years

Whether,
where
required, the accounts
have been filed with
Registrar
of
Companies within the
time limits laid down
by law?

Copies of the acknowledgements of filing of account are enclosed for last three years.

Annexure-7

OR

b)There is/ is not net increase in Cash & Cash Flow Equivalents in last 3 years, as mentioned below:

Annexure-8

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Sample Proforma for Submission of AEO Application-Version-1/ Revision-0

(c)

Whether,
where
applicable,
audit
qualifications
or
comments in the
annual
accounts
about
the
continuation of the
business as a going
concern?
(d)
Whether there are
any
contingent
liabilities
or
provisions?
(e)
Whether the net
current assets are
positive?
11.1(i) Party
maintains
of
accounts
as
per
Circular
GAAP or IFRS.

Auditor comments on on-going concern are at page no. ---- of Auditor Reports.

No or Yes
If yes, year wise details of contingent liabilities are as under:
Net Current Assets are positive and it is evident as per page. Of Balance Sheet.

We maintain accounts as per GAAP/ IFRS which is mentioned at page no.... of Auditor Report.

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